- Western Union will launch its Solana-based stablecoin, USDPT, next month, targeting agent network settlements.
- The company is also building a Digital Asset Network and plans to launch a consumer-facing USD Stable Card later this year.
- The move signals a major pivot by a traditional financial giant toward blockchain infrastructure for core operations.
Western Union is launching its Solana-based stablecoin USDPT next month, according to the financial services giant’s Q1 earnings call, marking a pivotal shift into digital assets. The company’s CEO, Devin McGranahan, stated “it is no longer a question of if Western Union will be active in digital assets, it is now how fast we can scale.”
First announced in October 2025, the stablecoin is built for institutional agent settlement rather than consumer use. Anchorage Digital Bank will issue USDPT, forming the foundation of the firm’s digital strategy.
Consequently, Western Union is building a broader ecosystem, including its Digital Asset Network. The network will onboard its first partner this week, bridging crypto wallets to the company’s physical retail locations for currency conversion.
Meanwhile, the company plans to launch a USD Stable Card across dozens of markets later this year. McGranahan said this card is particularly compelling in inflation-sensitive markets where customers seek dollar-denominated value with immediate utility.
The company reported adjusted revenue of $983 million in Q1 2026, down 1% year-over-year. This move follows the firm’s earlier collaboration with Mastercard and Worldpay on Solana’s enterprise platform.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
